Surety bonds are three-party instruments by which one party (the Surety) guarantees or promises a second party (the Obligee) the successful performance of a third party (the Principal).
A surety bond is an agreement in writing that usually provides for monetary compensation should there be a failure by the Principal to perform specified acts within a stated period.
types of bonds
- license & permit
- site improvement
We have appointments with and direct access to the top 10 national surety carriers, including the executives who are the ultimate decision-makers.